Frontier Communications Parent Target of Unusually Large Options Trading (NASDAQ:FYBR)

Frontier Communications Parent, Inc. (NASDAQ:FYBR - Get Free Report) saw unusually large options trading activity on Monday. Stock investors bought 16,924 put options on the stock. This represents an increase of approximately 273% compared to the average daily volume of 4,535 put options.

Frontier Communications Parent Stock Down 0.5 %

FYBR traded down $0.18 during trading on Monday, reaching $35.83. The company had a trading volume of 2,375,932 shares, compared to its average volume of 2,111,739. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.87 and a quick ratio of 0.87. Frontier Communications Parent has a 12 month low of $16.30 and a 12 month high of $39.21. The business's fifty day moving average price is $34.14 and its 200 day moving average price is $28.85. The company has a market cap of $8.92 billion, a P/E ratio of -96.84 and a beta of 1.10.

Frontier Communications Parent (NASDAQ:FYBR - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.38). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Frontier Communications Parent had a negative return on equity of 1.80% and a negative net margin of 1.62%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) EPS. Equities analysts anticipate that Frontier Communications Parent will post -0.79 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on FYBR. Benchmark reiterated a "buy" rating and set a $37.00 price target on shares of Frontier Communications Parent in a research report on Thursday, September 5th. Moffett Nathanson cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 5th. Wolfe Research cut shares of Frontier Communications Parent from an "outperform" rating to a "peer perform" rating in a report on Monday, September 30th. Wells Fargo & Company restated an "equal weight" rating and set a $38.50 price objective (up previously from $31.00) on shares of Frontier Communications Parent in a report on Friday, September 6th. Finally, Citigroup cut shares of Frontier Communications Parent from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.31.

Institutional Trading of Frontier Communications Parent

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Frontier Communications Parent by 0.5% in the first quarter. Vanguard Group Inc. now owns 24,072,547 shares of the company's stock worth $589,777,000 after purchasing an additional 108,344 shares in the last quarter. Capital International Investors lifted its position in shares of Frontier Communications Parent by 0.5% in the first quarter. Capital International Investors now owns 17,415,371 shares of the company's stock worth $426,677,000 after purchasing an additional 92,944 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Frontier Communications Parent by 12.0% in the first quarter. Canada Pension Plan Investment Board now owns 13,683,965 shares of the company's stock worth $335,257,000 after purchasing an additional 1,462,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Frontier Communications Parent by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,088,749 shares of the company's stock worth $211,758,000 after purchasing an additional 1,587,145 shares in the last quarter. Finally, Luxor Capital Group LP raised its position in Frontier Communications Parent by 1.6% during the second quarter. Luxor Capital Group LP now owns 2,796,332 shares of the company's stock worth $73,208,000 after acquiring an additional 43,542 shares in the last quarter.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.